European Commission REPower EU targets aiming for additional RES capacities of 510 GW in wind energy and 592 GW in solar energy by 2030 cannot be achieved without a new framework of measures and incentives supporting PPAs and ambitious investments for network upgrades and energy storage installations, a new report by sector association Eurelectric, representing the common interests of the electricity industry at a European level, has highlighted.

Highlighting the extent of the effort needed, the Eurelectric report notes that, compared to the sum of installed EU capacities in 2020 – 175 GW for wind energy and 100 GW for solar energy – wind energy installations must increase by 191 percent and solar energy installations need to grow by 492 percent if the 2030 targets are to be achieved.

The Eurelectric report, a proposal focused on market design the European Commission ought to adopt to ensure the continent’s green-energy RES targets are met, was presented in Brussels just days ago. It was delivered as the association’s contribution to consultation staged by the European Commission for a new market design in the EU.